Wells Fargo is shutting down all existing personal lines of credit

Wells Fargo, the bank serving one in three households in the United States, is shuttering all personal lines of credit, according to customer letters reviewed by CNBC. The revolving credit lines-a popular product which will be shut down in the coming weeks, typically let users borrow $3,000 to $100,000. “Wells Fargo recently reviewed its product offerings and decided to discontinue offering new

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Americans recalibrate priorities around saving, investing and redefine wealth

As restrictions ease across the US, a majority of Americans feel optimistic about the state of the country overall, including the economy, the stock market and their personal financial prospects, according to Schwab’s 2021 Modern Wealth Survey, an annual examination of how 1,000 Americans think about saving, spending, investing and wealth. Although more than half were financially impacted over the past year

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